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i just reported in my column in tax analysts, tax notes, if you take the average increase of income for the bottom 90% of americans from 1966 when lbj was president to 2011, it's $59. you measure that as one inch. the top ten percent line is 163 feet and the top 1% of the top percent. the mitt romney-bill gates crowd, five miles to one inch. >> michael: that's amazing. that's amazing. tell me, is this how things start? is there a reason to be optimistic? >> yes well, look, we got into this terrible situation because of three things. we had a president who said tax cuts will make everybody's income grow up. i have written and challenged the data, no, incomes fell. then we had these unfunded wars. they're going to weigh on us as a cost for long after i'm gone. my children will be old before we're done paying for the war in iraq. the third factor, when we had a meltdown at wall street we put at risk $14.7 trillion--that's the entire output of the entire country for a year to rescue wall street, and we cut back on things like education basic research infrastructure that create lots of jobs
i just reported in my column in tax analysts, tax notes, if you take the average increase of income for the bottom 90% of americans from 1966 when lbj was president to 2011, it's $59. you measure that as one inch. the top ten percent line is 163 feet and the top 1% of the top percent. the mitt romney-bill gates crowd, five miles to one inch. >> michael: that's amazing. that's amazing. tell me, is this how things start? is there a reason to be optimistic? >> yes well, look, we got...
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if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of people with their money wrapped up in these cyprus banks. what's the reaction from leaders there? >> this is where it gets really interesting. vladimir putin the president has said it's unfair, it's unprofessional, and it's dangerous precedent. why are the russians so upset? i'll leave the viewers to think about this. russian corporates and russian funds have over 30 billion euros wrapped up in cyprus funds as well. the burgeoning cyprus financial sector has been driven by russian money which one way or the other has found its way from russia into
if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of...
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it also means arranging our tax system so is that we have economic growth. and i think we have been saying that from day one. >> chris: well, senator durbin, i heard some give there from senator corker. let me he ask you. are senate democrats willing to make serious cuts, reforms to entitlements if you get added tax revenue and what are the prospects tor for a grand bar ? >> what he articulated is what we did in the bowles simpson commission and what we have done since. we said let's put everything on the table and i want to thank bob be for saying that. we have to, of course, pass the budget resolution in the senate. patty murray has done an extraordinarily good job and then move to the next stage and that is the grand bargain stage. both sides sitting down on a bipartisan basis not eliminating medicare as emhe afraid the paul ryan budget would do but making sure it survives for generations to come. putting revenues on the table that are fair and won't penalize the working people across america and making sure it is a balanced approach. i think what bob cor
it also means arranging our tax system so is that we have economic growth. and i think we have been saying that from day one. >> chris: well, senator durbin, i heard some give there from senator corker. let me he ask you. are senate democrats willing to make serious cuts, reforms to entitlements if you get added tax revenue and what are the prospects tor for a grand bar ? >> what he articulated is what we did in the bowles simpson commission and what we have done since. we said...
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but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are things for the ironically named carnival cruise lines? pretty bad. the company's latest troubled ship made it back to port without the toilets acting up, and that was the good news. the carnival legend arrived in tampa yesterday. passengers had a skip a stop in grand cayman and got a $100 refund. not a big deal, but the latest of pr icebergs for this company. here's the real doozy. when the cruise line gets in trouble, it's you who ends up getting soaked. "the lead's" erin mcpike is here with more. how is
but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus....
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he never met a tax cut he didn't like. we used to argue about all his tax cuts. but he had in his heart and soul a deep hatred of racism. nobody had any doubts about where he stood. he would have called an audible right in that room. all right, you're not going to remember lincoln. that's a long time ago. think back to somebody like jack kemp who combined conservatism with a real sort of concern about justice and equality. >> what does it say, benji, jack kemp, that's not that long ago. we're nostalgic, until even a bush -- what happened that they're so far right that the republican party has no sense of what the mainstream is concerned about? >> this is one of those problems when you don't have a clear leader. when there was president bush, he never got credit from liberals at the time, but he was keeping a lid on this stuff. bush was a believer in a lot of kemp. his passion in addition to conservatism was derived from kemp. without that, first there were no leaders and you just had the tea party movement rising up and and then a lot of these leaders are in the
he never met a tax cut he didn't like. we used to argue about all his tax cuts. but he had in his heart and soul a deep hatred of racism. nobody had any doubts about where he stood. he would have called an audible right in that room. all right, you're not going to remember lincoln. that's a long time ago. think back to somebody like jack kemp who combined conservatism with a real sort of concern about justice and equality. >> what does it say, benji, jack kemp, that's not that long ago....
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. for over 75 years people ...with geico... ohhh...sorry!. director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable lahtuger). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then tr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. for over 75 years people ...with geico... ohhh...sorry!. director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko...
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and he's still talking, actually pushing big tax cuts for the rich and cuts in medicare and medicaid that affect the middle class and poor. what a strange thing it is to hear reince priebus talking about building bridges when he was the one with his hands on the detonator? former pennsylvania governor ed rendell is with us as well as managing editor of the "grio," joy reid. governor rendell, i read what you had to say about this. i'm just wondering, why would a political party believe a new pr strategy would cover up for its policies? >> it makes no sense at all. first of all, their policies are bankrupt. they're the exact same, and they haven't changed their policies a bit, chris. you see republican state legislators pushing virulent antiabortion bills that are clearly unconstitutional, clearly punitive to women. no exceptions for incest and rape. things that voters rejected the last time dramatically. they're still -- they don't get it about income inequality in this country. they're still pushing for budgets that give huge tax breaks to the rich and stick it to poor people. people
and he's still talking, actually pushing big tax cuts for the rich and cuts in medicare and medicaid that affect the middle class and poor. what a strange thing it is to hear reince priebus talking about building bridges when he was the one with his hands on the detonator? former pennsylvania governor ed rendell is with us as well as managing editor of the "grio," joy reid. governor rendell, i read what you had to say about this. i'm just wondering, why would a political party believe...
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Mar 21, 2013
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he neither lived nor died for taxes. in fact he simply said one should discharge one's responsibility to the state by rendering unto sees czar that is which is sees czar, but the purpose and meaning is spelled out by the prophet isaiah. he was pierced for our iniquities. the punment and business his wounds we are healed. he died for the sins of the world, including the lies and the misappropriation of his life by those whose sole purpose is to make money at his expense. thanks so much for watching. chris matthews and "hardball" is next. >>> gunfight. let's play "hardball." >>> good evening. i'm crist matthews in washington. the shooting has begun at the ok corral. uchbt to stop the sale of assault weapons. go for it. joe biden says it's always a chance. the news from the battle is it's gown do background checks, which i hear could go either way. we might end up with the horror of newtown with nothing more than something about trafficking, secondhand purchases, but for all those who care about gun safety, let me repeat wh
he neither lived nor died for taxes. in fact he simply said one should discharge one's responsibility to the state by rendering unto sees czar that is which is sees czar, but the purpose and meaning is spelled out by the prophet isaiah. he was pierced for our iniquities. the punment and business his wounds we are healed. he died for the sins of the world, including the lies and the misappropriation of his life by those whose sole purpose is to make money at his expense. thanks so much for...
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i think that the perception is that the republican party today fights for the wealthy with tax breaks for the wealthy, for corporations, loopholes, and doesn't really understand the average hard-working american anymore and that's what we've got to get back to. >> i was struck by that piece of it because it seems it's not a hypothetical or divorced from the facts assessment. during the primary campaign where your count rick santorum did well against mitt romney, at one point where they got the most traction against mitt romney was talking about those economic angles about the way mitt romney has behaved in corporate america, the vulture capitalism. it wasn't endorsed uniformly by all of mr. romney's competitors in the primary but it did seem to work. and then there was just a vociferous backlash among the republican establishment that you wouldn't talk that way about success. how do you think that plays out? >> it looked like we were attacking capitalism, and i don't think that was the intent. but i do think this, all over this this country, people will wake at 3:00 in the morning, to
i think that the perception is that the republican party today fights for the wealthy with tax breaks for the wealthy, for corporations, loopholes, and doesn't really understand the average hard-working american anymore and that's what we've got to get back to. >> i was struck by that piece of it because it seems it's not a hypothetical or divorced from the facts assessment. during the primary campaign where your count rick santorum did well against mitt romney, at one point where they...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ i'm here in your home, having a pretty spectacular tuesday. ♪ but i don't notice the loose rug at the top of your stairs. and that's about to become an issue for me. ♪ and if you got the wrong home insurance coverage, my medical bills could get expensive. so get allstate. [ dennis ] good hands. good home. make sure you have the right home protection. talk to an allstate agent. >>> o
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business....
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Mar 26, 2013
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simply say you want a lower tax code, period, drown the tax code. but he wants to droin the government of the united states. kill what the founding fathers fought for. it is not only about taxes, he is opposed to this government, the u.s. government. he is a new kind of revolutionary, a 21st century revolutionary. he is the kind of revolutionary that sarah palin would like to pal around with. sarah palin thought she could crush presidential candidate barack obama by talking about him palling around with terrorists. virtually every republican elected official in washington has palled around with grover norquist, with a revolutionary, with someone whose goal is to destroy the federal government, destroy the founding fathers' creation. if they take grover norquist's goal so seriously they are willing to sign a pledge to follow his dictates on taxation, why don't republicans take grover norquist's words seriously? when jane fonda was protesting the vietnam war, if she said she wanted to drown the american government in bathtubs would they cheer the way
simply say you want a lower tax code, period, drown the tax code. but he wants to droin the government of the united states. kill what the founding fathers fought for. it is not only about taxes, he is opposed to this government, the u.s. government. he is a new kind of revolutionary, a 21st century revolutionary. he is the kind of revolutionary that sarah palin would like to pal around with. sarah palin thought she could crush presidential candidate barack obama by talking about him palling...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> today's deep dive and because it's monday we decided to unveil some new tricks. all part of a special presentation on president obama's first trip to the middle east. so let me get you started here. after leaving washington tomorrow night, he will arrive in tel-aviv around 6:30 a.m. middle eastern time. there he is. he'll visit an iron dome missile launcher. then he will head to jerusalem where there he will meet with president perez, prime minister netanyahu, then attend a dinner with prime minister netanyahu, working dinner at his residence that will include some of the middle east peace process aspect of things. thursday the president choppers to the best bank. he'll meet with m
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> today's deep dive and because it's monday we decided to unveil some new tricks. all part of a special presentation on president obama's first trip to the...
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Mar 19, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. >>> in crime and punishment, the jodi arias murder trial and the mystery surrounding her memory. arias admits killing her boyfriend as you know but claims it was self defense. prosecutor's working hard to make the case this was premeditated murder. for arias, ha
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told...
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Mar 18, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> can $10 million make a bunch of stuffy old men less stuffy? less old? less male? it's monday, march 18th and this is "now." >>> joining me today here in washington, d.c., former white house press secretary, and msnbc contributor, robert gibbs, national political reporter at the "washington post," malika henderson, bbc world news anchor, catty kay and "washington post" columnist and msnbc political analyst, the inimitab ablable eugene robinso. >>> four months after the gop's loss at the election, the results are in, cause of death, massive full-body trauma. >> our message was weak, our ground game was insufficient. we weren't inclusive. we were behind in both data and digital. and o
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> can $10 million make a bunch of stuffy old men less stuffy? less old? less male? it's monday, march 18th and this is "now." >>>...
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that's a 6% tax. actually 6.7% tax. so people obviously getting nervous about this tax over the week weekend, they rushed to withdraw their money. but keep in mind lawmakers are still working on this proposal trying to come up with something a little more equitable. some proposals are being floated that is. so a vote on this has been postponed until tomorrow. but you're seeing the markets react because this could really be a game changer in this eurozone debt drama that we used to talk about so much and now brought to the forefront because it show as bank doesn't have to fail to reach in and grab your money. so it has also big implications for future bailouts, as well. what if this idea does catch on in cyprus, what happens to other countries in europe. so you're seeing the ripple effect from europe all the way here to the u.s. at least in the stock market. we are seeing shares of banks here in the u.s. like bank of america, jpmorgan chase, down 1% to 2%. that's what's dragging down the dow. down 73 points. >> i'm sure
that's a 6% tax. actually 6.7% tax. so people obviously getting nervous about this tax over the week weekend, they rushed to withdraw their money. but keep in mind lawmakers are still working on this proposal trying to come up with something a little more equitable. some proposals are being floated that is. so a vote on this has been postponed until tomorrow. but you're seeing the markets react because this could really be a game changer in this eurozone debt drama that we used to talk about so...
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rejected a bro posed tax on bank deposits casting doubt on a bailout. >>> in the u.s. housing starts jumped .8% in february meeting expectations. meanwhile, building permits a gauge of future construction rose to the highest level since 2008. that's it from cnbc, first in business worldwide. now back to "hardball." >>> there's no one reason we lost. our message was weak. our ground game was insufficient. we weren't inclusive. we were behind in both data and digital. and our primary and debate process needed improvement. >> there's the lift of a driving dream. welcome back to "hardball." rnc chair rience priebus reporting on the state of the republican party and brought relief to establishment types but also angered conservativeses who say priebus, that man there, was exactly wrong, that the party can't win if it moderates its right wing positions. here was rush limbaugh reacting to priebus. >> they think they have to re-brand. reach out to minorities. got to moderate their tone here and moderate their tone there. that's not at all what they've got to do. all they have
rejected a bro posed tax on bank deposits casting doubt on a bailout. >>> in the u.s. housing starts jumped .8% in february meeting expectations. meanwhile, building permits a gauge of future construction rose to the highest level since 2008. that's it from cnbc, first in business worldwide. now back to "hardball." >>> there's no one reason we lost. our message was weak. our ground game was insufficient. we weren't inclusive. we were behind in both data and digital....
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. which shirt feels more expensive? i get to touch these guys? oooh, ooh la la. i'm feeling their muscles. yup, yup. -that one. -that one's softer. actually, it's the same t-shirt. really? but this one was washed in downy. -really? -that's why it was softer. real soft, velvety feeling. let me try again. it's like an upgrade in a bottle. divine. why spend a lot of money when you can just use downy? downy's putting our money where our soft is. try downy softness. love it or your money back. 14 clubs. that's what they tell us a legal golf bag can hold. and while that leaves a little room for balls and tees, it doesn't leave room for much else. there's no room left for deadlines or conferenc
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. which shirt feels more expensive? i get to touch these guys? oooh, ooh la la. i'm feeling their muscles. yup, yup. -that one. -that one's softer. actually, it's the...
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i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in people's pockets. it means less money at home. less money to put in your car. we have to tell the history of our party. the history of freedom and opportunity and equality. which we're not doing. and in your report earlier -- i think -- go ahead. sorry. >> yeah, listening to sarah palin, the republican vice presidential n
i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it...
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of course tax cuts are a tool used by keynesians. and tax increases. something that traditional keynesians are against in bad times. we always hear about austerity in great britain, a cross europe. there'll be talks about the spending cuts. but we never hear about the tax increases. and when you start talking about that, talk about the fact that they cut spending, slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases have more or less the same effect. they both take money out of the economy. they both slow the economy. and, yes, they create this idea of austerity. but, look, it's a balancing problem. you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much t
of course tax cuts are a tool used by keynesians. and tax increases. something that traditional keynesians are against in bad times. we always hear about austerity in great britain, a cross europe. there'll be talks about the spending cuts. but we never hear about the tax increases. and when you start talking about that, talk about the fact that they cut spending, slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases have...
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for starters, we'll raise taxes on everyone who makes more money than you. also, we decided we're a-okay with same-sex marriages and we'll pay for the honeymoon. and we'll not only embrace immigrants, we'll make it easier to get into the country. by installing a moving sidewalk on the border. the new republican party. sign up today and get a free bag of weed. >> i just love that. actually, leno is doing what rush limbaugh and others have done all week. they are mocking the autopsy to broaden the party. there is a big comedy tent. >> i'm old school. i try to reach that broad audience, where you reach everybody. "the tonight show" is different from "colbert" and "the daily show." excellent. nobody funnier than colbert and jon stewart. they are reaching a specific audience. i'm hoping to reach some of that audience, maybe some of their friends, some of their parents, some of their kids. we're going for a wide scope. >> so our question, are conservatives overlooked in popular culture? jason? >> no. this is a ridiculous question. it's not that jay leno reaches th
for starters, we'll raise taxes on everyone who makes more money than you. also, we decided we're a-okay with same-sex marriages and we'll pay for the honeymoon. and we'll not only embrace immigrants, we'll make it easier to get into the country. by installing a moving sidewalk on the border. the new republican party. sign up today and get a free bag of weed. >> i just love that. actually, leno is doing what rush limbaugh and others have done all week. they are mocking the autopsy to...